Goldman Sachs Goes On A Hiring Spree

Goldman Sachs has long been
an also-ran in the asset management business. But now it is
looking to change that by launching an aggressive recruiting
drive to build its asset management business while other firms
pull back.

“We are moving back on the offensive,” Marc Spilker tells the
Financial Times.

In 2007 Goldman was ranked 17th in the world in terms of assets
under management. It has about $812 billion under management. Its
net revenues in the second quarter were $922m, about 6.5 per cent
Goldman's total net.